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Lombard Odier, Roche Billionaire Back New Climate Venture Fund

The fund will invest in climate-tech companies that help reduce emissions and improve sustainability in areas from food production to building materials and transportation.

Andre Hoffmann, billionaire and great grandson of the founder of Roche.

Andre Hoffmann, billionaire and great grandson of the founder of Roche.

Photographer: Waldo Swiegers/Bloomberg

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Swiss investment firm Lombard Odier Group and a billionaire from the family behind Swiss pharmaceuticals giant Roche Holding AG are among a cast of big name investors in a new climate change venture capital fund.

With a first close of $70 million and a target size of $200 million, the Systemiq Capital Fund II will focus on climate tech companies that help reduce emissions and improve sustainability in areas from food production to building materials and transportation, according to a statement. The London-based fund is managed by Systemiq Capital, an investment firm that was spun out of sustainability consultancy Systemiq.